![Latham Solar Panel Installation Company Files Chapter 7](http://townsquare.media/site/81/files/2013/08/Solar-Panel-151221218.jpg?w=980&q=75)
Latham Solar Panel Installation Company Files Chapter 7
I know plenty of people that have looked into or that have gone and had solar panels installed on their roofs. Though, to be honest within that "plenty" of people not many of them were all that thrilled with the results. So, is it a big surprise that U.S. Light Energy based out of Latham filed for a Chapter 7 liquidation plan because the original plan to sell the business, well, it didn't work. Oops.
With this news, what caused the company to have problems in the first place? Turns out a problematic financing deal through the solar panel maker, Kyocera according to a managing member of the U.S. Light Energy Firm.
The company filed for Chapter 11 bankruptcy in May of 2015 which is typically utilized to help save suffering businesses however in this case it didn't work out in their favor.
U.S. Light Energy is the second local solar installation company to have some problems lately. The other, PosiGen based out of New Orleans recently laid off 23 of its employees and scaled back its efforts within New York state.
So tell me, have you installed solar panels to your home? Have you seen any benefits to having them?
More From 107.7 WGNA
![Remember Frontier Town? Abandoned for 25 Years: A Heartwrenching Look](http://townsquare.media/site/81/files/2023/01/attachment-WGNA.COM-2023-01-25T155723.487.jpg?w=980&q=75)
![Capital Region Restaurant Gains Global Recognition for Outstanding Wine Service](http://townsquare.media/site/81/files/2024/07/attachment-WGNA.COM-2024-07-08T092046.424.jpg?w=980&q=75)
![World’s Largest Bounce House Returns To Capital Region This Weekend!](http://townsquare.media/site/81/files/2024/05/attachment-bounce-america-aerial.jpg?w=980&q=75)
![See Troy’s 5 Best Breakfast Restaurants [RANKED]](http://townsquare.media/site/81/files/2024/02/attachment-Untitled-design-2024-02-07T143039.964.jpg?w=980&q=75)
![See The Capital Region’s 5 Best Mac & Cheese [RANKED]](http://townsquare.media/site/81/files/2024/02/attachment-Untitled-design-2024-02-14T142559.413.jpg?w=980&q=75)
![Capital Region County Named #1 To Live In New York](http://townsquare.media/site/81/files/2024/03/attachment-Untitled-design-2024-03-22T122337.686.jpg?w=980&q=75)
![Popular Saratoga Springs Cafe Named New York’s Best For Comfort Food](http://townsquare.media/site/81/files/2023/09/attachment-Untitled-design-2024-01-10T074028.900.jpg?w=980&q=75)
![Dead For Decades, Nostalgia Is Strong For This Capital Region Mall](http://townsquare.media/site/81/files/2022/04/attachment-LCM-.jpg?w=980&q=75)
![Concert Review: Jordan Davis “Damn Good Time Tour” @ MVP Arena – 04/26/24](http://townsquare.media/site/81/files/2024/04/attachment-DGT-Cover.jpg?w=980&q=75)